0:00: Introduction

3:45: What Ernest and Barry learned on vacation

6:04: Reasons for stick to North American stocks

9:05: Convenience Store market in Japan vs North America

14:21: Alimentation Couche-Tard's acquisition proposal for Seven & i

16:34: Difficulties of making foreign acquisition in Japan

17:48: Couche Tard’s strong track record of doing M&A

19:09: Timing of Couche-Tard's proposal for Seven & i

25:17: Why Couche-Tard wants to acquire Seven & i

In this week's episode, Barry and Ernest are back from vacation and discuss their preference for North American stocks before doing a deep dive on Alimentation Couche-Tard's proposal to acquire Japanese convenience store giant Seven & i Holdings.